Efficient billing and collections procedures are critical components of a successful and profitable medical practice, yet most practices leave between 5 percent and 30 percent of their patient side of payment on the table because they lack proper processes, staffing, training or technology.
Industry experts say the first 80 percent of payments are relatively easy to collect. It's the next 20 percent that are harder to obtain and more expensive to collect. Secondly, since the patient side of co-payment is getting critical, it’s equally important to pay close attention to that side of payment.
Follow these recommendations and regain control of your billing operations:
By following these tips you will increase your collections and save yourself and your company a great deal of time and money. So if you are serious about helping out your medical practice, fill out the form to the right.